Recent content by Feticide

Traders who are just starting out do not have to open a position for at least one month. On the other hand, if one absolutely needs to do it, then doing so will require a substantial amount of capital.

OP has mentioned some good points. Also, each trader has different requirements when it comes to brokers. But all of us always vouch for tight spreads no matter what. I myself opted for fxview & icmarkets because of nearly zero spreads.

It is correct to say that the foreign exchange market is a highly unpredictable and volatile business. If you want to be successful as a forex trader, you need to use an efficient money management system and a risk management system.

I’d say the worst day is Sunday night when the Tokyo exchange opens and many traders try to place their trades in a rush. The volatility is too high, and liquidity is comparatively low. Not a good time to trade.

Talking about sentiment, a good part that most traders forget to take under consideration when placing their trades is sentimental analysis. Sentimental analysis is observing how the majority of traders in the market tend to react to a certain news, or price change. This will help you to go in...

Getting consistent in earning profits is what every trader strives to achieve. However, it can be a task as patience, hard work and good analytical skills are needed to bring the process to fruition. Traders need to spend time learning, profit comes with time.

Hi, welcome to the forum! The first step is obviously learning all you can about the market sentiment. Practice on a demo account so you get an idea of what could happen during a live market session. Read and study technical and fundamental analysis, so you can figure out your style of trading...

These factors are undoubtedly very important and should be looked into by every trader. Besides, I also prioritise regulations. I know there are many traders who don’t care about it but I honestly feel that it means a difference in your trading experience. This is the reason I trade with...

It is true. Newbies enter the market with false hopes without knowledge which makes them lose quickly. They do not know risk management or emotional control and run after strategies that will make them rich overnight. So, the loss is pretty much unavoidable.

Discipline is one of the most crucial deciding factors in making a trader successful in trading. Discipline makes one earn profits consistently with focus and knowledge, which otherwise is not possible. Things like negative emotions, lack of money management, et cetera, will seem to "attack" a...

Most traders misunderstand the role emotions play in the trading process, yes it can affect the decisions but if learnt how to control, you can also use it to your advantage. Emotions are natural, if you build unrealistic goals, it will be impossible to reach them without the required knowledge...

As a trader myself, I can say this with confidence, if you want to make profit in the coming years, all you need to do is stay organised and follow a plan. If you trade out of assumption, you are not only adding risk but reducing the chances of making money. Focus on the bigger picture and be...

The best thing about self-understanding is that it can be a readily available remedy when a trader gets in over their head with money management. This knowledge helps keep traders on track to ensure that they aren't investing more than they can handle and it also helps them know how long one...

Leverage is critical for retail traders like us. Without leverage, you need a lot of money to make a good profit percentage because currency pairs move so little. Because my risk percentage is so low, I don't give much thought to leverage proportion.

Fxview does!